Table of Contents 1 58

Nyrada Inc Annual Report 2020

Cover 1
Corporate Directory 3
Contents 4
Chairman’s Letter 5
CEO Report 6
Directors’ Report 8
Information about the directors 8
Operating and financial review 9
Principal activities 9
Significant changes in state of affairs 9
Operating and financial results 9
Review of operations 10
Financial position 10
Liquidity and capital resources 10
Events after the reporting period 10
Future developments, prospects and business strategies 10
Environment issues 10
Directors’ shareholdings 10
Company Secretary -David Franks 11
Options Granted 11
Unissued Common Stock 12
Shares issued on exercise of options 12
Dividends 12
Indemnification of officers 12
Indemnity and insurance of auditor 13
Directors’ meetings 13
Proceedings on behalf of the Group 13
Non-audit services 13
Auditor’s independence declaration 14
Presentation Currency 14
Jurisdiction of Incorporation 14
Corporate Governance Statement 14
Required statements 14
Remuneration report (audited) 15
Key management personnel 15
Remuneration policy 15
Relationship between the remuneration policy and Group performance 16
Remuneration of key management personnel 17
Other transactions with key management personnel and their related parties 17
Key terms of employment contracts 18
Key management personnel equity holdings 19
Consolidated Statement of Profit or Loss and Other Comprehensive Income 25
For the year ended 30 June 2020 25
Consolidated Statement of Financial Position 26
As at 30 June 2020 26
Consolidated Statement of Changes in Equity 27
For the Year Ended 30 June 2020 27
Consolidated Statement of Cash Flows 28
For the year ended 30 June 2020 28
Notes to the Financial Statements 29
1. Significant accounting policies 29
New or amended Accounting Standards and Interpretations adopted 29
Basis of preparation 29
Parent entity information 30
Principles of consolidation 30
Revenue recognition 30
Income tax 31
Current and non-current classification 31
Cash and cash equivalents 31
Trade and other receivables 31
Investments and other financial assets 31
Property, plant and equipment 32
Trade and other payables 32
Borrowings 32
Research and development expenditure 33
Finance costs 33
Employee benefits 33
Fair value measurement 34
Issued capital 34
Goods and Services Tax ('GST') and other similar taxes 34
New Accounting Standards and Interpretations not yet mandatory or early adopted 34
2. Critical accounting judgements, estimates and assumptions 35
Coronavirus (COVID-19) pandemic 35
Share-based payment transactions 35
3. Other Income 35
4. Current assets – cash and cash equivalents 35
5. Current assets – trade, other receivables and prepayments 35
6. Plant and Equipment 36
7. Non-current assets – intangibles 36
8. Current liabilities – trade and other payables 36
9. Current liabilities – convertible notes 37
10. Current Liabilities – employee benefits 37
11. Equity – issued capital 38
a) Common Stock 38
b) Options and warrants on issue 39
c) Performance Common Stock 40
12. Equity – reserves 42
Share-based payments reserve 42
Other reserves 42
13. Equity – accumulated losses 43
14. Equity - dividends 43
15. Tax expense 43
a) Tax expense 43
b) Tax reconciliation 43
16. Going concern 44
17. Segment information 44
18. Parent entity information 44
Statement of profit or loss and other comprehensive income 44
Statement of financial position 44
Guarantees entered into by the parent entity in relation to the debts of its subsidiaries 45
Contingent liabilities 45
Capital commitments - Property, plant and equipment 45
Significant accounting policies 45
19. Subsidiaries 45
20. Events after reporting period 45
21. Cash Flow information 46
a) Reconciliation of loss after income tax to net cash used in operating activities 46
b) Reconciliation of Cash 46
22. Share-based payments 47
23. Loss per share 49
Basic and diluted loss per share 49
24. Key management personnel 49
25. Related party transactions 50
a) Key Management personnel 50
b) Other related party transactions 50
26. Commitments and contingencies 50
27. Financial instruments 50
a) Capital management 50
b) Categories of financial instruments 50
c) Financial risk management objectives 51
d) Market risk 51
e) Interest rate risk management 51
f) Credit risk management 51
g) Foreign currency risk management 51
h) Liquidity risk management 52
28. Auditors Remuneration 52
Directors’ Declaration 53
ASX Additional Information 54
Corporate Governance Statement 54
CHESS Depositary Interests 54
Distribution of CDIs 54
Unmarketable parcels 54
Unlisted securities 54
Restricted securities 55
Substantial shareholders 55
Voting Rights 55
Required Statements 55
On-Market buy-back 55
Twenty (20) largest shareholders of quoted equity securities 56
Use of funds 56

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